Boston Common Asset Management LLC grew its stake in Aon plc (NYSE:AON - Free Report) by 89.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,439 shares of the financial services provider's stock after acquiring an additional 12,450 shares during the quarter. Boston Common Asset Management LLC's holdings in AON were worth $10,552,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in AON. Richardson Financial Services Inc. boosted its holdings in AON by 2,025.0% in the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock worth $30,000 after acquiring an additional 81 shares in the last quarter. Millstone Evans Group LLC bought a new stake in AON in the fourth quarter worth $32,000. Centricity Wealth Management LLC bought a new stake in AON in the fourth quarter worth $39,000. Kestra Investment Management LLC bought a new stake in AON in the fourth quarter worth $39,000. Finally, R Squared Ltd bought a new stake in AON in the fourth quarter worth $43,000. 86.14% of the stock is owned by institutional investors.
AON Stock Performance
AON stock traded up $5.16 during mid-day trading on Friday, reaching $372.08. 1,849,194 shares of the stock traded hands, compared to its average volume of 1,198,179. The stock has a market capitalization of $80.35 billion, a PE ratio of 29.39, a price-to-earnings-growth ratio of 2.12 and a beta of 0.89. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. Aon plc has a 12-month low of $276.76 and a 12-month high of $412.97. The business's 50-day moving average is $366.68 and its 200-day moving average is $374.19.
AON (NYSE:AON - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). The company had revenue of $4.73 billion during the quarter, compared to analysts' expectations of $4.83 billion. AON had a return on equity of 70.84% and a net margin of 16.91%. The business's quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.66 EPS. As a group, sell-side analysts predict that Aon plc will post 17.21 EPS for the current fiscal year.
AON Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were given a $0.745 dividend. This is a boost from AON's previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $2.98 dividend on an annualized basis and a yield of 0.80%. AON's dividend payout ratio is presently 25.38%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the company. Redburn Partners set a $445.00 price target on AON in a report on Tuesday, March 25th. Redburn Atlantic raised AON to a "hold" rating in a report on Tuesday, March 25th. JPMorgan Chase & Co. upped their price target on AON from $394.00 to $409.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Evercore ISI lowered their price target on AON from $420.00 to $398.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Finally, Barclays lowered their price target on AON from $430.00 to $415.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $397.27.
Read Our Latest Stock Analysis on AON
AON Profile
(
Free Report)
Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.
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